i'm not an analist, recently discovered the Cypher pattern indicator, and after trying it on the chart it seems it has met all fibonacci points a Cypher require, except the last point (D) still a long way to go. ------------------------------------------------------------------------------------------- AB= 0.382 to 0.618 retracement of the XA swing leg; BC= extend to minimum 1.272 and maximum 1.414 of the XA swing leg; CD= retrace to 0.786 of the XC swing leg; ------------------------------------------------------------------------------------------- made this cypher a litle bit after the (A) point and for now is following... this is just a possibility...I would say less than 50% possible...
Trade closed: target reached
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i dont know if it is still a cypher , but the target is reached ,a bit later than on my chart, but still...